Spot Bitcoin ETFs Receive $263.1M
spot Bitcoin ETFs in the US had their best day for inflows in nearly two months on Friday. The total net inflow for the day was $263.1 million, the highest since July 22.
Overall, last week saw a total inflow of $403.8 million, rebounding from two weeks of net negative inflows.
While the largest fund, BlackRock’s IBIT, experienced outflows of $9.1 million in the past two weeks with little net trading activity, Friday’s inflows were led by Fidelity’s FBTC with $102.1 million and Ark & 21Shares’ ARKB with $99.3 million. Bitwise’s BITB came in third with $43.1 million in inflows.
Bitwise CEO Hunter Horsley expressed optimism for the future of Bitcoin and the crypto community. Four other funds, Grayscale’s GBTC, Franklin’s EZBC, VanEck’s HODL, and Valkyrie’s BRRR, saw modest inflows of $6.7 million, $5.2 million, $5.1 million, and $1.7 million respectively.
The remaining funds did not report significant inflows or outflows.
